Softbank in talks to buy majority of Sprint for more than $12.8 bln -source

Published 4:26 PM ET Sun, 11 Nov 2012

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TOKYO, Oct 11 (Reuters) - Japan's Softbank Corp is in talks to acquire a majority stake in Sprint Nextel , the No. 3 wireless carrier in the United States, for more than 1 trillion yen ($12.8 billion), a source familiar with the matter told Reuters on Thursday.